Pilgrim Partners Asia Pte Ltd Acquires Shares of 1,645 Roku, Inc. (NASDAQ:ROKU)

Pilgrim Partners Asia Pte Ltd bought a new position in shares of Roku, Inc. (NASDAQ:ROKU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,645 shares of the company’s stock, valued at approximately $122,000.

Several other institutional investors have also modified their holdings of the business. Geneos Wealth Management Inc. increased its holdings in Roku by 369.9% during the 4th quarter. Geneos Wealth Management Inc. now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 270 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in Roku in the fourth quarter valued at $30,000. Raelipskie Partnership acquired a new stake in Roku in the third quarter valued at $32,000. Game Plan Financial Advisors LLC bought a new position in Roku during the 4th quarter valued at $37,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of Roku by 4,091.7% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 503 shares of the company’s stock worth $37,000 after purchasing an additional 491 shares during the last quarter. Institutional investors and hedge funds own 86.30% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on ROKU shares. Rosenblatt Securities reiterated a “neutral” rating and issued a $86.00 price target on shares of Roku in a research note on Thursday, February 13th. JPMorgan Chase & Co. upped their price target on Roku from $92.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Benchmark increased their target price on shares of Roku from $100.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $100.00 price target on shares of Roku in a report on Monday, February 10th. Finally, Citizens Jmp raised shares of Roku to a “strong-buy” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.55.

Insider Transactions at Roku

In related news, CAO Matthew C. Banks sold 1,906 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $80.36, for a total value of $153,166.16. Following the completion of the transaction, the chief accounting officer now owns 7,256 shares of the company’s stock, valued at approximately $583,092.16. This trade represents a 20.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Anthony J. Wood sold 25,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $79.77, for a total transaction of $1,994,250.00. Following the sale, the chief executive officer now directly owns 26,538 shares in the company, valued at approximately $2,116,936.26. This trade represents a 48.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 97,905 shares of company stock valued at $8,632,306 over the last three months. Company insiders own 13.98% of the company’s stock.

Roku Stock Performance

Shares of ROKU stock opened at $55.28 on Friday. The stock has a market cap of $8.07 billion, a PE ratio of -62.11 and a beta of 2.17. The business’s fifty day moving average is $79.65 and its 200-day moving average is $77.37. Roku, Inc. has a 1 year low of $48.33 and a 1 year high of $104.96.

Roku (NASDAQ:ROKU) last released its earnings results on Thursday, February 13th. The company reported ($0.24) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.20. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.15 billion. Roku had a negative net margin of 3.15% and a negative return on equity of 5.34%. Equities research analysts predict that Roku, Inc. will post -0.3 earnings per share for the current year.

Roku Company Profile

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.